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Technology Stocks : Power Integrations (POWI) -- Ignore unavailable to you. Want to Upgrade?

To: Si_Detective who wrote (212)	5/20/1999 3:18:00 PM
From: Timothy R. West	Read Replies (1) \| Respond to of 449

Why didn't you reply to me? Strange. What made you sell? There is still no activity on this board = bullish. I guess from a money management standpoint it makes sense to cut back the position to maintain a constant equity exposure in your portfolio. I assume you will repurchase on a meaningful correction back to support levels.... 40 or 35. I had taken 1/3 off at the 49.5 level because that was a technical SWING TARGET coming out of the last 35-20 correction (15 points added to the top of the consolidation projected a rally to 50). I had suspected/expected that POWI would give back half of the breakout move from 35 to 50 and pull back to 43-42, but it only was able to pull back just under 45 and touch 43.25 briefly. POWI also didn't fall when the DJIA and NASDAQ were getting trounced last week. The relative strength on this stock has been truly awesome. I'd like to see volume confirm this latest move up... which so far it hasn't. We need to see 500,000 shares trade to indicate that this is meaningful new buying or else we will need to see a big, profit-taking decline to the $42-$40 area, which would be healthy. Have a great day. Tim West